Older homes that served our grandparents and parents well may appear poorly planned for today’s families. They tend to be smaller with narrow lots, closed-off kitchens, and fewer bathrooms and bedrooms. On the other hand, older homes tend to offer character and quality craftsmanship that is unmatched today. So, should you Teardown or Remodel it?
First, choose the neighborhood. You’re buying the location, so it should meet as many of your household’s needs as possible – schools, transportation, entertainment and enrichment, medical care and shopping. It should have plenty of homes similar to the one you have in mind, including remodels and scrapped homes replaced by new construction.
Homes offered at “lot value” means that the structure offers no further value. This is a great candidate for a total remodel or teardown. If the lot is large enough, it can hold added square footage or a complete new home. But if the home has plaster moldings, stained-glass windows, all-wood stairs, and other artisan features, know that those things can’t be easily replaced today. You may want to preserve those unique elements and consider remodeling to complement the home’s original design.
Take your general contractor with you to see what needs to be brought up to date and if it’s more practical to remodel or rebuild. Like homes in like neighborhoods help determine and improve value, so don’t over-build or over-improve without similar comparable homes nearby to support your home’s value.
Show the Fun In Your Home
When you read or hear advice about staging your home for sale, it’s predictable—declutter, depersonalize, and neutralize as much as possible.But what you’re never told is how to make your home really memorable. One way is to make it look like a really fun place to live. Here are three ideas for making your home more appealing to a potential buyer:
- Put a badminton net in the backyard. Leave a note by the racquets with some bottled waters inviting homebuyers to play. Ping pong is also becoming a fun backyard activity; ask a local store if you can rent a ping pong table for the day.
- Most homes are older, so turn age into a positive. Set the dining room table with a fondue pot surrounded by flower power napkins and plates. Put some Al Green on Pandora for showings. Showcase the trendy, vintage quality of a home with history.
Speaking of history… Include a fun detailed history sheet explaining that unique aspects of your home, For instance, mid-century homes epitomize the postwar automobile, jet and space travel culture. That’s why the garages are attached and sputnik stars were a popular motif. Better vacuums meant no more rugbeating, hence the luxury of wall-to-wall carpet.
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